Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

UK government launches £2.5bn DRIVE35 strategy to supercharge zero-emission auto manufacturing securing thousands of British jobs

by July 13, 2025
July 13, 2025
UK government launches £2.5bn DRIVE35 strategy to supercharge zero-emission auto manufacturing securing thousands of British jobs

The UK government has launched a £2.5 billion, decade-long strategy to accelerate investment, innovation and job creation across the country’s automotive sector, as it races to lead the global transition to zero-emission vehicles.

Dubbed DRIVE35, the initiative is part of the UK’s modern Industrial Strategy and sets out a bold ambition to significantly increase advanced manufacturing investment by 2035. The programme will offer a suite of new and expanded funding competitions, targeting everything from large-scale EV gigafactories to innovative automotive start-ups and supply chain scale-ups.

Business and Trade Secretary Jonathan Reynolds hailed the initiative as “the biggest set of announcements for the sector in the last decade”, adding that DRIVE35 would give industry the certainty it needs to invest and grow in Britain.

“We’re helping British carmakers get to the front of the pack by working hand in hand with investors to build a globally competitive EV supply chain,” said Reynolds. “Economic growth is our number one priority, and this programme will help deliver it – with high-quality jobs, increased exports and a cleaner transport future.”

The government has committed £2 billion in capital support to 2030, with an additional £500 million for research and development to 2035, creating what ministers say is a long-term, globally competitive offer for investors and manufacturers.

The launch comes as Britain continues to lead in EV adoption: over 382,000 electric vehicles were sold in 2024, making the UK Europe’s largest EV market and third globally. With more than 82,000 public charge points now installed nationwide – and one added every 30 minutes – the infrastructure is already scaling to meet growing demand.

The automotive sector currently supports 132,000 UK jobs and contributed £21.4 billion in GVA in 2024. The government believes the transition to net-zero is the biggest industrial opportunity of the century – and one Britain is well placed to seize.

As part of the wider Industrial Strategy, the Department for Business and Trade also confirmed more than £300 million in direct support for key UK auto projects, including:

Over £100 million in capital funding through the Automotive Transformation Fund to support UK-based EV manufacturing.
£140 million in combined public and private investment in R&D across 50 projects, including partnerships with Mercedes and Jaguar Land Rover.
£18 million under the new Connected & Automated Mobility (CAM) Pathfinder programme.

New investment announcements include:

Astemo Ltd bringing £100 million to Bolton to develop next-generation EV inverters, creating over 220 high-value jobs and boosting regional supply chains.
Dana, a Tier 1 automotive supplier, confirming £15 million to scale EV component production in the West Midlands, supporting over 100 direct roles.

Industry body SMMT and delivery partners including the Advanced Propulsion Centre (APC UK) and Zenzic welcomed the announcement.

“The creation of this dedicated programme is further evidence of the sector’s importance to economic growth,” said Mike Hawes, Chief Executive of SMMT. “DRIVE35 must now be implemented at pace to ensure the UK is amongst the leaders in next-generation automotive technologies.”

“This new investment underlines government’s commitment to securing advanced manufacturing in the UK,” added Ian Constance, CEO of APC UK. “It will support innovation, drive scale-up and encourage global investment in the UK’s growing zero-emission supply chain.”

Applications for the first round of competitions open tomorrow, with the government urging businesses across the country to seize the opportunity.

Read more:
UK government launches £2.5bn DRIVE35 strategy to supercharge zero-emission auto manufacturing securing thousands of British jobs

0
FacebookTwitterGoogle +Pinterest
previous post
Mega solar farms built on England’s best farmland, CPRE warns
next post
More small firms expect to shrink than grow, warns FSB

You may also like

Harley-Davidson Demands Next Destroy ‘Copycat’ Logo T-Shirts

June 3, 2024

Price rises inevitable if UK small businesses to survive, new analysis...

May 26, 2023

EU delays tighter entry rules until November 2023

August 4, 2022

Unfunded tax cuts will result in £60bn spending...

October 11, 2022

The Role of Negligence in Personal Injury Law:...

June 29, 2023

Rise in pre-nup and post-nup agreements for farming...

March 20, 2025

Why Can You Trust New Bookmakers?

November 4, 2022

Top 3 UK Airports Parking Advantages You Need...

March 14, 2025

Interview with VFR CMO Shlomi Ben Atar: The...

December 8, 2022

Investors Withdraw $10 Billion from ‘Ethical’ Funds Amid...

February 16, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Mitchell Geisler on Listening, Leadership and Business Growth

      August 23, 2025
    • 10 key takeaways from DOJ’s release of Ghislaine Maxwell’s Epstein interviews

      August 23, 2025
    • Jackson’s scathing dissent levels partisan charge at colleagues after high-profile ruling

      August 23, 2025
    • Starmer accused of betraying farmers as British food pledge stalls

      August 22, 2025
    • Fed rate cut looms after Powell’s Jackson Hole speech

      August 22, 2025
    • Tariff “Inclusion” Process Comes with High Costs, Absurd Outcomes, and Extra Cronyism

      August 22, 2025

    Categories

    • Business (8,858)
    • Investing (2,235)
    • Politics (16,465)
    • Stocks (3,228)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved